Commonwealth legislation

Financial Management and Accountability Act 1997 - Determination 2000/05 - Determination to Establish a Special Account

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This creates a dedicated Special Account — the Department of the Treasury – Australian Government Actuary Account — to hold money related to the Actuary’s work. It can receive Parliament appropriations, fees for actuarial services and other payments made for the account’s purposes.

Those funds may be spent only on the Australian Government Actuary’s operating costs. The arrangement legally quarantines and tracks these monies, supporting transparency and proper use.

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Current sections

Direct links to the current provisions in Financial Management and Accountability Act 1997 - Determination 2000/05 - Determination to Establish a Special Account.

Financial Management and Accountability Act 1997 - Determination 2000/05 - Determination to Establish a Special Account

DETERMINATION 2000/05

SECTION 20 OF THE FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997

DETERMINATION TO ESTABLISH A SPECIAL ACCOUNT

I, Gavin Back, SES Band 1, Financial Framework Branch, pursuant to powers delegated to me by the Finance Chief Executive under section 53 of the Financial Management and Accountability Act 1997, determine, for the purposes of section 20 of that Act, that the Department of the Treasury – Australian Government Actuary Account is established as a Special Account.

I further determine that:

(a) amounts of the following kinds may be credited to this account:

all money appropriated by law to the Australian Government Actuary;
all money received in consideration for any service, benefit, activity, transaction or other matter which is congruent with the expenditure purposes of the account;
all money paid to the Commonwealth by any person for the expenditure purposes of the account; and

(b) the purposes for which amounts may be debited to the account are:

for the expenditure of moneys related to the operations of the Australian Government Actuary.

Signed Gavin Back

Gavin Back

Delegate of the Finance Chief Executive

30 March 2000

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Financial Management and Accountability Act 1997 - Determination 2000/05 - Determination to Establish a Special Account